On the graph showing the Laffer curve, tax revenue is optimized at point ______.
a. A
b. C
c. D
d. E
b. C
Economics
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How does the monopolist calculate profit per unit and total profit?
What will be an ideal response?
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What is the opportunity cost of investing $10,000 of your own money in a business you wish to start?
What will be an ideal response?
Economics
Which school of thought believes that real GDP always equals potential GDP?
A) only classical B) only Keynesian C) Monetarist D) both Keynesian and classical
Economics
A curve showing the lowest cost at which a firm is able to produce a given level of output in the long run is
A) a long-run average total cost curve. B) a minimum efficient scale curve. C) a long-run production function. D) a long-run marginal cost curve.
Economics